Coindcx – How to Sell CryptoCurrency from CoinDCX and How to Withdraw Money to Indian Bank Account

The Unique Selling Point of CoinDCX is the fact that they offer numerous cryptos like Bitcoin, Ethereum, and many other altcoins. It means that different altcoin traders can use this platform and won’t have to wander elsewhere. However, this comes at a cost too. Numerous crypto means that there might be more scam coins because a newly launched altcoin will not have the same scrutiny.

The current top investors for CoinDCX funding include Polychain, Bain Capital Ventures, and 100x Ventures. Besides these three main ones, CoinDCX has ten investors who have raised a sum of $ 5.5M in three rounds.

CoinDCX Review: Summary

  • It supports more than 200 varieties of cryptos.
  • Features like an instant buy and sell, user-friendly experience, limitless trading makes CoinDCX a favorite platform for thousands of users.
  • CoinDCX also has low trading and withdrawal fees, which attracts users.
  • It has 24 hours customer support.

How to Create an Account on CoinDCX?

Step 1: Visit the Website

Step 2: Fill in the details to sign up

Step 3: Email and Phone Number Verification

Step 4: Verification of Bank Account

  1. Go to your profile section by clicking on the profile icon in the top right corner.
  2. You have to click on the Verify Bank Account, and it will redirect to a new screen.
  3. On the new screen, fill in all the bank details and others.
  4. To confirm the bank details, you will receive a deposit and withdrawal of a small amount from your account for the verification process.
  5. You have to enter a 12-digit UTR number that you will receive after bank account details verification.

Step 5: KYC Verification (Optional)

To complete the process, you will have to upload images of two documents:

  1. Pan Card: It is a mandatory document that you will have to upload.
  2. Identity Card: You can use any one document from Aadhar Card, Voter Id Card, and Passport. Upload both the front and back.

Please note that the use of a license as an Identity Card is not applicable now. For international users, they can upload an equivalent local government ID for verification.

CoinDCX Withdrawal

Accounts with KYC Verification

Accounts without KYC Verification

CoinDCX Crypto Withdrawal Limit

CoinDCX Fee: Trading and Withdrawal Fees

CoinDCX Trading fees

Here takers are the ones who take an already existing order from the order book, and the makers are the ones who add a trade to the order books. The fee is relatively low and below the industry average, which gives users another fact to prefer CoinDCX over other platforms. The current industry average is around 0.10% — 0.15%.

CoinDCX Withdrawal fees

CoinDCX Deposit

CoinDCX Review: Security

It has two-factor authentication, which adds an extra level of security to a user’s account. Not only that, all cryptocurrency withdrawals go through multiple verification processes before they are processed to avoid any fraud withdrawal.

CoinDCX Lending

CoinDCX Staking

CoinDCX Review: Customer Support

Services like onboarding, INR management, and ticketing have 24-hour support assistance. Also, the current duration of the telegram and chatting time is from 06:00 AM to 11:00 PM.

Because of these facilities, the users can solve any queries without waiting for hours for the next day. The coin DCX customer care number is not available on their site, but for customer support, you can mail them at [email protected]

CoinDCX Review: Pros and Cons

Pros

  • It has adequate liquidity across a vast number of trading pairs.
  • The trading charges are low, and the minimum amount for a trading amount is also low.
  • You can buy and sell instantly with just one tap.
  • It has a margin trading around six times the leverage on numerous assets.
  • It accepts payment methods like UPI and IMPS.
  • Continuous and live customers are also present to answer queries instantly.
  • The futures trading is around 20 times the leverage.
  • It is available for multiple platforms.

Cons

  • You will need verification for higher FIAT values.

CoinDCX Review: Conclusion

CoinDCX Review: Frequently Asked Questions

Yes, every fund that is invested in cryptocurrencies through the CoinDCX platform is safe. This platform assures the users that it backs every investment and ensures that they don’t face any issues.

How do I withdraw money from CoinDCX?

First login to your CoinDCX account. Select the Funds section from the DCXtrade page and click on the INR Wallet. Enter the amount you want to withdraw, and go through the verification process to remove the amount.

Is KYC necessary in CoinDCX?

It is not compulsory to complete the CoinDCX KYC. Still, then your account will be limited to a total of INR 10,000 deposits and withdrawals or 4 BTC cryptocurrencies per day for deposit and withdrawal.

Is there any CoinDCX app?

Ans. You can download the CoinDCX app from the play store for Android devices.

Is Pan Card mandatory for opening an account on CoinDCX?

Ans. The Pan Card is not required to open an account on CoinDCX. However, you will need it for verification for KYC.

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